Director Certification Program 7th Batch
August 18 - 20, 2022
The first day of the MIoDโs Director Certification Program (DCP), Batch 7 started on 18th August 2022 as a 3-day program at the Novotel Yangon Max.
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MIoDโs Chair ๐๐ฎ๐ ๐ช๐ถ๐ป ๐ช๐ถ๐ป ๐ง๐ถ๐ป๐ kicked off the opening address and Chair of the MIoDโs Learning Committee, ๐๐ฌ. ๐๐ข๐๐ค๐ฒ ๐๐จ๐ฐ๐ฆ๐๐ง facilitated the first session on corporate governance, and the business case followed by MIoDโs facilitator, ๐๐๐ฐ ๐๐ก๐ฎ๐ณ๐๐ซ ๐๐ข๐ง on the roles and responsibilities of effective boards. The attendees also learned board composition and structure facilitated by ๐๐๐ฐ ๐๐๐ก ๐๐๐ก ๐๐ข๐ง as well as the legal provisions concerning corporate governance in Myanmar, particularly directorโs rights and duties, and disclosure from ๐๐ซ. ๐๐ญ๐๐๐๐ง ๐๐ก๐๐ฉ๐ฆ๐๐ง and ๐ ๐๐ฎ๐ง ๐๐ข๐ง shared insightful knowledge on Listing Criteria and Listing Rules for Listed Companies.
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Around 35 participants, mostly directors, board members and senior management of Myanmar companies joined the Program.
Day 2 of the ๐๐ข๐ซ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ ๐ซ๐๐ฆ resumed on 19th August 2022 with ๐ฟ๐๐ง๐๐๐ฉ๐ค๐ง๐จ, ๐ฟ๐๐จ๐๐ก๐ค๐จ๐ช๐ง๐ ๐๐ฃ๐ ๐๐๐ฅ๐ค๐ง๐ฉ๐๐ฃ๐ by Ms. Vicky Bowman as an interactive session where the attendees worked together into small groups on the case studies with different scenarios and presented a variety of perspectives. The session was later followed by ๐ฝ๐ค๐๐ง๐ ๐๐๐๐๐๐ฉ๐๐ซ๐๐ฃ๐๐จ๐จ focusing on the four pillars influencing effective Boards as well as ๐๐ฃ๐ฉ๐๐ง๐ฅ๐ง๐๐จ๐ ๐๐๐จ๐ ๐๐๐ฃ๐๐๐๐ข๐๐ฃ๐ฉ (๐๐๐)in Corporate Governance, how risks should be managed, and the role of the Board.
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U Myo Min shared insightful knowledge on the ๐๐ฎ๐๐ฃ๐ข๐๐ง ๐พ๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ ๐๐๐ฌ ๐๐ฃ๐ ๐๐ฎ๐พ๐ค while Daw Khaing Zar Aung and Ms. Noelle Tan gave an ๐๐ซ๐๐ง๐ซ๐๐๐ฌ ๐ค๐ ๐๐๐ฃ๐๐ง๐๐ก ๐๐๐๐ฃ๐จ๐ช๐ง๐๐ฃ๐๐ ๐๐๐ง๐ ๐๐ฉ that Directors in Myanmar needs to be aware of. MIoDโs facilitators, Daw Wah Wah Min and Daw Thuzar Win focused on ๐๐๐ข๐๐ก๐ฎ ๐ฝ๐ช๐จ๐๐ฃ๐๐จ๐จ ๐๐ฃ๐ ๐๐ช๐๐๐๐จ๐จ๐๐ค๐ฃ ๐๐ก๐๐ฃ๐ฃ๐๐ฃ๐ with interactive case studies.
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Day 2 is completed with the session ๐๐๐จ๐ฅ๐ค๐ฃ๐จ๐๐๐ก๐ ๐๐ฃ๐ ๐๐๐จ๐ฅ๐ค๐ฃ๐จ๐๐ซ๐ ๐ฝ๐ค๐๐ง๐ ๐๐๐๐๐๐ง๐จ๐๐๐ฅ discussing what a companyโs โPurposeโ is, and how a company can operate responsibly and work collectively with others in support of sustainable development.
Day 3 was all about the finance basics that Directors need to understand covered by MIoDโs facilitator, Daw Kim Chawsu, including an ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐
๐ข๐ง๐๐ง๐๐, and ๐ฐ๐ก๐๐ญ ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐ญ๐๐ญ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ ๐๐ง๐ ๐๐จ๐งโ๐ญ ๐ญ๐๐ฅ๐ฅ ๐ฒ๐จ๐ฎ. This was followed by ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐ญ๐๐ญ๐๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ including common sized financial statements and ratios. The attendees also learned about the ๐๐๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐๐ซ๐๐ฎ๐ ๐๐ง๐ ๐ข๐ง๐ญ๐๐ซ๐ง๐๐ฅ ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ๐ฌ by Daw Thin Thin Myat.
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After taking a short test of the corporate governance knowledge which had been covered in the sessions, Ms. Vicky Bowman reflected on the topics covered in the course and raise points and questions about what they mean for corporate governance in Myanmar today as well as opportunities to take the personal learning journey about corporate governance, and tools and resources shared.ย
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The certified directors were then awarded their certificates by Chair of the Learning Committee ๐๐ฌ. ๐๐ข๐๐ค๐ฒ ๐๐จ๐ฐ๐ฆ๐๐ง and concluded the day with a group photo.
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The MIoD would like to express its gratitude to all participants, mostly directors, board members and senior management of Myanmar companies who attended the Batch 7 of ๐๐ข๐ซ๐๐๐ญ๐จ๐ซโ๐ฌ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ ๐ซ๐๐ฆ (๐๐๐) on 18th, 19th and 20th August 2022 at the Novotel Yangon Max.
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A huge thank you to all our incredible trainers, invited speakers, and our attentive audience. Congratulations to all directors who have received their certificates in recognition of the contributions made in the Director Certification Program.ย
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If you are interested in attending future training sessions, please contact the Myanmar Institute of Directors (MIoD) at +95 9 400 151 412, +95 9 400 151 419, orย info@myanmariod.com.